NZDJPY - Weakness is not a thing!

-The one notable mover in October has been significant JPY weakness. This has been very marked.

-So, the one question that was crucial was, 'Is the BoJ worried about this?' The answer is 'no, not at all'. The BoJ is quite happy to see more JPY weakness. BoJ's Governor Kuroda said:
1)JPY moving within the range of current fundamentals
2)The yen has weakened a 'small amount'

-No inflation worries for the BoJ. No fears over the weak JPY. This means the JPY can remain a funding currency and is a great currency to pair with currencies set to raise rates.

-Dips in the NZDJPY remain medium term buys and the BoJ meeting has done nothing to change that.
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